Title: Senior Internal Auditor-Structured Products Trading

Location: Charlotte, NC

Duration: 6 months

Benefits on offer for this contract position: Health Insurance, Life insurance, 401K and Voluntary Benefits

Summary:

Lead cross functional teams to strategize, plan, and execute a variety of programs, services and initiatives. Drive accountability for assigned initiatives, limit risk exposure, and create efficiencies as appropriate. Review strategic approaches and effectiveness of support function and business performance. Perform assessments through fact finding and data requiring creative approaches to solving complex issues, and develop appropriate solutions or recommendations. Make decisions in highly complex and multifaceted situations requiring solid understanding of business group's functional area or products, facilitate decision making and issue resolution, and support implementation of developed solutions and plans. Collaborate and consult with members of the Business Execution team and team leaders to drive strategic initiatives. Influence, guide and lead less experienced Strategy and Execution staff within the group. 

Responsibilities:

• Serve as the primary day-to-day lead coverage officer for Structured Products Trading

• Serve as Control team lead for risk governance and as the escalation point for all control issues for aligned business leaders and teams

• Act as the key point of contact in CIB Control for selected senior leaders in Structured Products Trading, Independent Risk Management, Internal Audit, regulators, and other constituents related risk and control requirements, performance, and enhancement efforts.

• Continuously engage in discussions with LOB partners on strategy, industry trends, organizational changes, and new/modified markets, systems, products and services, to determine impact and identify and remediate risk and control issues across all risk types

• Guide the Structured Product Trading leaders through detailed risk and control evaluations, collection of metrics and supporting observations, and maintaining recurring forums to evidence management validation and attestation to RCSA

• Responsible for issue management by documenting and assessing control weaknesses and operational risk incidents using methods such as root cause analysis

• Consult with business process owners to develop corrective action plans and control redesign. Oversee implementation progress and conduct control evaluation efforts as required

• Coordinate with business and support partners for creation of Self-Disclosed issues in Issues Management system of record. Record losses in the system of record, as applicable

• Management Reporting: Establish and update recurring and timely reports on risks, initiatives, and deliverables for communication with business leaders and risk partners

• Exams / Reviews: Conduct advanced planning and coordination with appointed business contacts and internal testing and examination engagement leaders/teams such as EBCE, Independent Testing and Validation (IT&V), Internal Audit, and Regulatory exams

• Control development, projects & platform initiatives: Develop business cases to influence process owners, control owners, business sponsors, and key risk partners on the need for additional or improved controls to mitigate risk; Work with the business and support teams to provide operational risk expertise and consulting for projects and platform initiatives, taking into account impacts to risk & control framework

• Monitor and evaluate emerging risks, operational trends, and external events for potential impact to the control environment in context of RCSA

• Provide ongoing, consolidated reporting to ensure senior leaders are aware of progress, risks, challenges, and results

• Maintain the inventory of all relevant business processes, governance channels, internal testing, audit, regulatory engagements and prioritize internal preparation

• Establish a formal communication channel to broadcast risk program updates, risk profiles, policy updates and other key risk program information to the senior leaders of all coverage areas

• Continuously engage in discussions with LOB partners on strategy, industry trends, organizational changes, and new/modified markets, systems, products and services, to determine impact and identify and remediate risk and control issues across all risk types

• Ensure appropriate connectivity, linkage, and integration with in-region international risk management teams accountable for LOB activities

• Work with the business and support teams to provide operational risk expertise and consulting for projects and platform initiatives

• Analyze business, industry, system changes or other material business environment changes to determine impact, identify and assess operational risk issues

Qualifications:

• Extensive front line direct experience with developing and/or executing risk and control assessment programs

• Experience in large and complex banking or broker/dealer institutions, risk management leadership experience in multi-jurisdictional global financial institution

• Proven experience with Enterprise Risk Identification process; proven track record building and implementing risk programs

• Direct experience in operational risk reporting and escalation programs

• Extensive knowledge of Target State RCSA, process, purpose, scope, the RAU Owners roles and responsibilities roles, accountabilities and deliverables

• Prior experience in risk process improvement, standardization and automation of business and control processes, quality assurance and control routines, and risk and control metrics and reporting.

• Strong knowledge of products, services, applicable regulations and policies, business processes, systems and customers in the Structured Products Trading space

• Substantial knowledge and experience in risk management practices and applicable systems and applications used Wells Fargo

• Knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.)

• Ability to synthesize data and observations from a variety of sources, deliver succinct summaries (both verbal and written), and enact response quickly

• Capable of diagnosing business needs, conceptualizing and initiating planning, organizing the enlistment of response teams, and the implementation and management of change